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Shell and Exxon secured ‘secret deal’ on Groningen gas production

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Friday 13 May 2016

Oil companies Shell and Exxon held secret talks with the economic affairs ministry in 2005 to set levels of production in the Groningen gas field up to and beyond 2020, according to documents obtained by NOS.

The documents show that the two companies exerted pressure on the ministry not to scale back gas extraction despite increasing concern over the increased frequency of earthquakes in the region.

The Dutch parliament was informed of the talks, which took place in 2005, but only knew of an agreement to set production levels for the next 10 years. The documents obtained under freedom of information legislation show that the deal also covered the years up to 2020, when the gas field is expected to go into decline, and afterwards. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

US shale gas project ‘biggest regret’ for outgoing Shell boss

Screen Shot 2012-07-27 at 12.35.42Outgoing Shell chief executive Peter Voser says in an interview with the Financial Times his biggest regret during his time at the company is the failure of the company’s huge bet on US shale gas. Voser also described the technical setbacks Shell has suffered in its exploration campaign off the coast of Alaska as one of his greatest disappointments in the job. Voser said he did not know if Shell would go back into Alaska in 2014 or 2015.

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Monday 07 October 2013

Outgoing Shell chief executive Peter Voser says in an interview with the Financial Times his biggest regret during his time at the company is the failure of the company’s huge bet on US shale gas.

The FT says Shell has invested at least $24bn in so-called unconventional oil and gas in North America. But the investment has yet to pay off and in August Shell said it would carry out a ‘strategic review’ of its US shale activities.

‘Unconventionals did not exactly play out as planned,’ Voser is quoted as saying. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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